Greed, cupidity, corruption, and a kind of gluttony so outrageous that it's laughable have always been part of business.
Consider, for example, the case of the Swedish match king. At one time, Ivar Kreuger, manufactured almost half of the world's matches, with monopolies in 16 countries. He had so much money that he was a reliable lender to many countries, becoming known as the 'saviour of Europe' for his willingness to give aid to banks crippled by World War I. At the time of the 1929 market crash, his was the most widely held stock in the world. When he killed himself three years later, the whole thing went up in flames.
The company's debts exceeded those of the entire Swedish government, as it was based on a gigantic pyramid scheme. Other examples in this book will include the story of Enron, of which "Fortune Magazine" was the first to break the news. Orange County bankcruptcy, Sotheby's and Al Taubman, and many more...
Would you recommend this audiobook to a friend? If so, why?
Absolutely! I am getting my masters in economic crime and fraud management so this book was right up my alley. My classmates (and in theory my professors) would enjoy this just as much. It doesn't just focus on the most recent scandals, but goes back to scandals from the 1930s. Good narration as well.
2 of 2 people found this review helpful
By "better," I mean it is light and entertaining, as business fare goes, and has enough detail to give a sketch of the histories, personalities and so on. By "worse" I mean it dwells on superficial but attention-getting things like the perks of the scandal-mongers and their more glaring eccentricities, rather than really digging into deal details. In this phase of my business-finance education and sophistication, I tire quickly of the list of silly consumer goods and the mistresses and such that many of these characters pursue. So, I listen to this as a "relaxation" business book, when I am a little fatigued or distracted. In those times when I am more focused and really wanting to learn with precision, this shallow flashiness bores me. A person earlier or less sophisticated in business studies may benefit from the listenable quality of this -- I would term it "sugar coated."
1 of 1 people found this review helpful